CIBC Capital Markets has reduced its gold price forecasts through 2031, citing challenges from higher bond yields and a strong U.S. dollar driven by inflation and restrictive Fed policies. Despite lowering the 2026-2028 price estimates significantly, the bank remains bullish on gold over the long term due to persistent inflation, geopolitical tensions, government debt concerns, and central bank reserve diversification. Physical gold demand and central bank purchases continue to support prices, while limited mine production growth adds further price stability. CIBC expects a potential price recovery if inflation eases and real interest rates decline in the coming years.
Gold price forecasts by CIBC Capital Markets have been lowered through 2031 due to higher bond yields and a strong U.S. dollar, though a recovery to $5,200 by 2027 is anticipated. For readers following U.S. stocks on Pluang, here is the market snapshot as of Oct 20, 2026 20:51 WIB: out of 150 priced stocks, 88 rose and 60 fell. Notable movers include KEY at USD 20.63 (+3.56%), LI at USD 11.69 (+3.54%) with 100% buy order activity, and ADBE at USD 255.80 (+3.53%).
Hershey is preparing to announce its Q3 earnings on October 29, with analysts forecasting earnings per share (EPS) of $2.12, a 63% increase from last year, and revenue of $3.25 billion, up 2.3%. The company has shown strong recent performance, with Q...
3M reported strong Q3 2026 earnings with adjusted EPS of $2.50, beating estimates of $2.38, and GAAP profit rising to $1.37 billion from $834 million a year earlier. Sales reached $6.6 billion, slightly below estimates, but showed 3.3% organic growth...
Alaska Air Group is set to report Q3 2026 earnings with analysts expecting a 66.7% drop in earnings per share to $0.35, despite a 14.5% increase in revenue to $4.31 billion driven by strong travel demand. Passenger revenue is forecast to rise 10.2%, ...
Baba, an applied AI company focused on modernizing Medicare and Medicaid care, has raised $40 million in a Series A funding round led by FirstMark Capital, with participation from CVS Health Ventures and others. The funding will help Baba expand its ...
Richard Campbell-Breeden, a seasoned investment banker with 37 years of experience including 27 years at Goldman Sachs, has joined SEDA Experts LLC as Managing Director. His expertise in mergers and acquisitions, corporate finance, and governance wil...
